Dynagreen trims price on A share convertible bonds

By Mary-Katherine Stinson

Lexington, Ky., July 14 – Dynagreen Environmental Protection Group Co. Ltd. lowered the conversion price of its A share convertible corporate bonds, according to a company news release.

The conversion price was adjusted to RMB 9.72 per share from RMB 9.82 per share effective July 21.

The adjustment was due to the distribution of cash dividends for 2021 of RMB 1 before tax for every 10 shares for a total distribution of RMB 139,344,000 to all shareholders which was approved at the company’s general meeting on June 17.

Dynagreen is a Guangdong, China-based waste management company.

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